2019-12-02 18:26:44AMZN   - $1,782.17
-19.03 (-1.06%) 18:2612/02/19 12/0218:26 12/02/1918:26 | Amazon announces Amazon Braket for Quantum ComputingAmazon Web Services made several announcements today pertaining to their Quantum Compute Cloud services. The company announced Amazon Braket, a fully managed service that allows scientists, researchers, and developers to begin experimenting with computers from multiple quantum hardware providers in a single place. Bra-ket notation is commonly used to denote quantum mechanical states, and inspired the name of the service. This new service is designed to let users get some hands-on experience with qubits and quantum circuits. Users can build and test circuits in a simulated environment and then run them on an actual quantum computer. Amazon Braket is a fully managed AWS service, with security & encryption baked in at each level. Amazon also introduced the AWS Center for Quantum Computing, a research center adjacent to the California Institute of Technology that will bring together the world's leading quantum computing researchers and engineers in order to accelerate development of quantum computing hardware and software. In addition, the company unveiled the Amazon Quantum Solutions Lab, a new program to connect AWS customers with quantum computing experts from Amazon and a very select set of consulting partners. Reference Link | |
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- $1,782.17
-19.03 (-1.06%) - 11/26/19
- PIVT
11/26/19
NO CHANGETarget $2100
PIVT
Buy Pivotal cuts Amazon target to $2,100, says estimates 'stubbornly too high' Pivotal Research analyst Michael Levine lowered his price target for Amazon.com to $2,100 from $2,500 while maintaining a Buy rating on the shares. The stock in late morning trading is up $17.21 to $1,791.05. Consensus estimates going into 2020 "remain stubbornly too high," Levine tells investors in a research note titled "The Best Company on the Planet (In Our View) May Not be the Best Stock on the Planet in 2020." In Q2 of 2020, Amazon will lap the "meaningful step down" in Web Services margins as well as the introduction of one-day shipping, "but it is not clear to us that the bounce back will be as strong as people expect," says the analyst. Further, he believes Q1 of 2020, the next catalyst along with Q4 earnings, "is clearly modeled too high." - 11/27/19
- GSCO
11/27/19
NO CHANGETarget $2200
GSCO
Conviction Buy Goldman says expectations for Amazon's AWS growth may prove overly conservative Ahead of next week's annual re:Invent conference for Amazon Web Services developers, Goldman Sachs analyst Heath Terry noted that the rate of growth in AWS infrastructure investments has historically been indicative of future revenue growth and further pointed out that such infrastructure investment, as measured by equipment acquired under finance leases, has been accelerating the past two quarters. Given that, he thinks investor expectations for AWS' year-over-year growth to decelerate below 30% in FY20 "may prove overly conservative," Terry tells investors. The analyst, who suspects re:Invent could serve as a positive catalyst for Amazon shares, believes the stock should continue to outperform and keeps it on the firm's Conviction List with a Buy rating and $2,200 price target. - 11/29/19
- BARD
11/29/19
NO CHANGEBARD
Outperform Baird still sees 14%+ online spending growth over key holiday shopping season Baird analyst Colin Sebastian said he remains comfortable with his holiday season e-commerce forecast, saying he still expects "solid" 14%+ online spending growth over the key holiday shopping season, with fewer days between Thanksgiving and Christmas likely benefiting Amazon (AMZN) and traditional retail. The analyst said that overall e-commerce volumes seem to be tracking in line through mid-day of Black Friday, while Thanksgiving Day sales, per Adobe data, were "slightly below" Amazon's forecast, with stronger 17% growth reported by Salesforce.com data. Global e-commerce volume growth is tracking at greater than or equal to 20%, Sebastian added. The analyst also noted that his proprietary tracking of Shopify (SHOP) volumes indicates holiday volumes are up roughly 60% year-over-year, above his total fourth quarter gross merchandise volume growth estimate of about 45%. Sebastian has an Outperform rating on Amazon, Shopify, Alibaba (BABA), eBay (EBAY), and PayPal (PYPL). - 12/02/19
- WELS
12/02/19
NO CHANGETarget $2300
WELS
Outperform Wells Fargo says early read on holiday ecommerce data points 'a bit soft' Wells Fargo analyst Brian Fitzgerald tells investors in a research note that the early read on holiday eCommerce data points "appears a bit soft," noting that Adobe Analytics, which tracks 80 of the top 100 U.S. online retailers, including Amazon, said reported sales tracked below Adobe's forecasts, with shortfalls on Thanksgiving Day and Black Friday. The analyst says he expects Amazon's holiday press release and third-party spend data to shed additional light on market share. The analyst, who maintains an Outperform rating and $2,300 price target on Amazon shares, lowered his 2020 GAAP EPS view to $27.20 from $28.66 and his 2021 GAAP EPS estimate to $39.65 from $40.39. |